Illinois Judge Backs Kalshi in Sports Contracts Dispute
A federal court in Illinois has granted partial preliminary injunctions to Kalshi, Coinbase and the Commodity Futures Trading Commission (CFTC), preventing the state from enforcing certain sports-wagering licensing requirements against specific sports-event contracts traded on federally regulated exchanges. The Oct. 2 decision by U.S. District Judge Martha M. Pacold marks a significant development in the ongoing legal battle between prediction market operators and state regulators. While the ruling blocks Illinois from applying key licensing and related criminal provisions to the […] The post Illinois Judge Backs Kalshi in Sports Contracts Dispute appeared first on World Casino News.
A federal court in Illinois has granted partial preliminary injunctions to Kalshi, Coinbase and the Commodity Futures Trading Commission (CFTC), preventing the state from enforcing certain sports-wagering licensing requirements against specific sports-event contracts traded on federally regulated exchanges. The Oct. 2 decision by U.S. District Judge Martha M. Pacold marks a significant development in the ongoing legal battle between prediction market operators and state regulators. While the ruling blocks Illinois from applying key licensing and related criminal provisions to the […]
The post Illinois Judge Backs Kalshi in Sports Contracts Dispute appeared first on World Casino News.
